Everything is OK Again, or so the Market thinks
Yesterday the S&P 500 stayed above the crucial 1539 level on a closing basis. So everything must be ok again. Ben probably was cooking up something overnight. Just keep in mind that gold started going down without an event, why will stocks be different. It could happen today, it could happen in six months, the effects of sequester and austerity are very slow to evolve, remember the first bubbles took 18 years to develop.